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According to an article by Bloomberg, published on January 7, 2019, European Central Bank (ECB) policymaker Ardo Hansson opines that cryptocurrencies are destined to die as a “complete load of nonsense.” The Crypto Bubble Has already Started to Collapse While the crypto market has somewhat recovered from its recent slump in November 2018, there are still naysayers of the...

Ardo Hansson, a member of the Governing Council of the European Central Bank (ECB) and the President of the Bank of Estonia, claimed that the crypto market is gradually collapsing, Bloomberg reports. During his speech at an event in Riga, the chief of the Estonian central bank stressed that cryptocurrency is a complete nonsense and the market has already begun to collapse....

ECB Ardo Hansson cautions against cryptocurrencies terming them “ a fairy tale story.” Financial stability is slowly threatened by the existence of virtual assets. Bitcoin price slides below $4,000; 100-day SMA support strength tested. A member of the European Central Bank (ECB) governing council is reported to have blasted digital assets according to a report published by...

At press time, the father of crypto is maintaining its present position and is staying above $4,000. First reaching this pinnacle a few days ago, bitcoin is keeping up its momentum following a nasty fall in late 2018 that took it down to $3,600 after an extended period of trading in the $6,000 range. One of the big problems still surrounding bitcoin and other cryptocurrencies...